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jimkane
Rep: 3,058
Posts: 33,089
Kickin' it off. It's going to get wild. This week is Armstrong's 'Big Bang' date, mentioned at least as early as 1989 in one of his conferences, he said. It's not a date for a market implosion, it's the peak date for government and sovereign debt. Catalonia voted today for independence, a binding vote. The last one was not binding. It was overwhelmingly for secession.

I can find no information on this vote anywhere right now, yet it's over and done. Nothing on ZeroHedge. I find this bizarre. Understand, if any EU country has a secession, it will, in my opinion, begin a waterfall breakup of the EU and the failing of the Euro currency. So, tanks will roll, it will be stopped. But, it may cause massive unrest and even a European war. Markets will move. Hence, this is not a trivial event today. Yet, nothing, no reporting anywhere. I'm... confused...
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jimkane
Rep: 3,058
Posts: 33,089
Okay, it's blasting off, and a tiny bit over the KZ. I'd love it to get to 1900-02, and then get destroyed. But, I suspect the highest odds are for continued upside, the way it is acting. But, a roll from here or the 1900-02 area, and there's still hope the HOD short area will hold sway.
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jimkane
Rep: 3,058
Posts: 33,089
Is it done?
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jimkane
Rep: 3,058
Posts: 33,089
Not if they come in right here. They could even shake it down one more little shake. But here is the best place/time.
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jimkane
Rep: 3,058
Posts: 33,089
Yep, they took it right there. Nice. Next stop, 1900-02, then we see if they are going to explode it.
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jimkane
Rep: 3,058
Posts: 33,089
1899.75. Heavy line confluence. 'It's there'.
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jimkane
Rep: 3,058
Posts: 33,089
This could easily want that backtest area at 20+-.
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jimkane
Rep: 3,058
Posts: 33,089
Otherwise, this is a really tough area here, but only if it's truly weak. This area can't make it weak, it can only act as the exhaustion point if there is weakness underlying it.
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jimkane
Rep: 3,058
Posts: 33,089
Here it goes. 1902. Nothing but air after this. Next stop, taking out the high at 07. Then the SL priceflow around 10. Then, the 20+- area. This is awesome.
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jimkane
Rep: 3,058
Posts: 33,089
Time to be cautious, I think. Watchful.
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jimkane
Rep: 3,058
Posts: 33,089
If they come back in for it, also watch the massive key TL's around 05.
MA
MarcinO
Rep: 67
Posts: 5,506
Lots of great posts this week, guys.
I'll be off the forum until Thursday unfortunately.